Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 01/17 15:34
   Cattle Futures Launch Holiday-Shorted Week With Solid Gains

   Live and feeder contracts closed with decent price progress, supported by
follow-through buying and recent cash progress. Lean hog futures settled on a
mixed basis, though the first six issues finished consistently higher.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   Cattle feeding country was generally quiet as buyers focused on the
assessment of new showlists. The mid-month offering appears to be generally
smaller than last week with only Colorado showing a few more ready steers and
heifers. Some cattle were priced around $122 in the South and $192-$195 in the
North. According to the closing report, the national hog base is $0.44 higher
($58.00-$63.75, weighted average $62.40). The corn market surged 7 cents plus
higher with nearby contracts notching 11-week highs. Corn was supported by
fears of flooding in Argentina and a softer dollar. The Dow closed 59 points
lower with the Nasdaq off 35.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN